“Most Indian IT firms are preparing for high attrition. The talent crunch is due to high demand, rising attrition and intense competition from startups and Global Capability Centres (GCCs) of global corporations. The $150 billion worth of IT industry is planning to overcome by taking in more freshers. For HCL Technologies, this number stands at 22,0.Įven mid-tier IT & engineering services companies such as Mindtree, L&T Infotech, L&T Technology Services, Coforge, and others also have robust plans in terms of fresh engineering graduates.Įxperts believe that such a robust hiring plan indicates the supply side constraints in talent. Infosys plans to hire 35,000 fresh graduates from engineering colleges this year, while the number stands at 30,000 for Wipro. Market leader TCS, whose employee base crossed 5 lakh in the June quarter, will hire more than 40,000 engineering graduates this year through its campus placement programme. The top four IT services firms such as Tata Consultancy Services (TCS), Infosys, HCL Technologies, and Wipro will hire the bulk of these new engineers, pegged at around 120,000 in FY22. The Indian IT services industry is to give out more than 150,000 offers in the current financial year. In this context, the recent announcement of Indian IT majors to hire fresh engineering graduates from campuses this year is building up a robust pipeline of talent to prepare for the future. And the whole world is looking towards India, which is home to a vast pool of skilled engineers. As organisations across the globe turn to tap digital routes to reach out to their end consumers, an intense talent war has begun among global IT services companies, tech-powered startups, and corporations with in-house technology teams. Demand for digital talent is overwhelming in current times.
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